CIBC Asset Management Inc Decreases Position in Leidos Holdings, Inc. (NYSE:LDOS)

CIBC Asset Management Inc decreased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOSFree Report) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,687 shares of the aerospace company’s stock after selling 883 shares during the quarter. CIBC Asset Management Inc’s holdings in Leidos were worth $2,023,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LDOS. Assetmark Inc. lifted its stake in Leidos by 0.4% in the fourth quarter. Assetmark Inc. now owns 31,662 shares of the aerospace company’s stock valued at $3,427,000 after buying an additional 120 shares during the last quarter. Spire Wealth Management lifted its stake in Leidos by 2.2% in the fourth quarter. Spire Wealth Management now owns 5,756 shares of the aerospace company’s stock valued at $632,000 after buying an additional 125 shares during the last quarter. Covestor Ltd lifted its stake in Leidos by 10.5% in the third quarter. Covestor Ltd now owns 1,444 shares of the aerospace company’s stock valued at $133,000 after buying an additional 137 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Leidos by 9.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,779 shares of the aerospace company’s stock valued at $193,000 after purchasing an additional 157 shares during the period. Finally, Hohimer Wealth Management LLC increased its holdings in shares of Leidos by 1.0% in the third quarter. Hohimer Wealth Management LLC now owns 16,257 shares of the aerospace company’s stock valued at $1,498,000 after purchasing an additional 160 shares during the period. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insiders Place Their Bets

In other news, insider Roy E. Stevens sold 875 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $150.67, for a total value of $131,836.25. Following the sale, the insider now directly owns 44,149 shares in the company, valued at $6,651,929.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director David G. Fubini sold 7,874 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total value of $1,007,005.86. Following the sale, the director now directly owns 14,696 shares in the company, valued at $1,879,471.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Roy E. Stevens sold 875 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $150.67, for a total value of $131,836.25. Following the completion of the sale, the insider now owns 44,149 shares in the company, valued at $6,651,929.83. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

LDOS has been the topic of a number of recent research reports. Truist Financial reissued a “buy” rating and issued a $165.00 target price (up previously from $150.00) on shares of Leidos in a report on Wednesday, May 1st. Bank of America boosted their target price on Leidos from $125.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Argus boosted their target price on Leidos from $120.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Jefferies Financial Group boosted their target price on Leidos from $130.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, April 10th. Finally, Wells Fargo & Company boosted their target price on Leidos from $137.00 to $147.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.67.

Read Our Latest Stock Report on Leidos

Leidos Stock Up 0.4 %

LDOS opened at $144.85 on Friday. The business’s fifty day moving average is $138.38 and its two-hundred day moving average is $123.55. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.24 and a current ratio of 1.35. The company has a market cap of $19.59 billion, a price-to-earnings ratio of 62.44, a PEG ratio of 1.52 and a beta of 0.69. Leidos Holdings, Inc. has a one year low of $82.07 and a one year high of $151.32.

Leidos (NYSE:LDOSGet Free Report) last posted its earnings results on Tuesday, April 30th. The aerospace company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.59. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.82 billion. Leidos had a return on equity of 25.66% and a net margin of 2.04%. Leidos’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.47 earnings per share. Analysts anticipate that Leidos Holdings, Inc. will post 8.59 EPS for the current fiscal year.

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.05%. Leidos’s payout ratio is 65.52%.

About Leidos

(Free Report)

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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